We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 22 February 23
MARKET INSIGHT - INTERMODAL
 The short-term outlook of the global soybean market is currently pivoted by a combination of weather patterns that are affecting the harvest progress, as well as tensions in diplomatic relations between China and the US which could result in trade disruptions. According to USDA, global production of soybeans for the 2022/23 season is forecast at 385.04 million tons, up 7.6% y-o-y. Meanwhile, China’s highly anticipated recovery will also be reflected in the normalization of the country’s soybean consumption and imports after falling for two consecutive years. More specifically, according to Casde’s (China Agriculture Supply and Demand Estimates) latest estimates, the country’s imports for 2023 are projected to grow 8.3% y-o-y to 95.2 million tons.
In Brazil, the harvest season is currently ongoing. However, the country’s highly anticipated monster crop is dampened by harvest delays due to unfavorable weather conditions. According to CONAB, Brazil’s soybeans were 15.4% harvested nationally on Feb-13, which is well behind last year’s pace of 25%. Overall, Brazil's soybean output is projected slightly lower than previous forecasts at 154.0 million tons amid harvest delays and lower quality caused by adverse wet weather in significant Central-West and Southeast regions. Soybean exports are forecast at 92.8 million tons. Harvest delays have resulted in lower exports to China during January and February. Chinese imports from Brazil are estimated to recover from mid-April when the record crop will start making its way to the country.
In the US, following unusually low temperatures registered in mid-October across the soy belt, the favorable weather conditions during the late season and the current rapid progress of the harvest are estimated to result in healthy production of 4.33 billion bushels, slightly above last season’s output of 4.14 billion bushels, according to USDA forecasts, while exports are estimated at 1.99 billion bushels. Following a slow start to the season, US exports have taken off in January as Brazil is in the early stages of collecting its record harvest. US exports to China are buoyed by a bullish combination of delayed harvest in Brazil and a historic drought in Argentina resulting in lower yields. In January, the US exported 5.5 million tons to China, a figure that stands 33.7% above the 5-year average. In February, exports will remain firm according to our data, close to the 5-year high. Even if US exports slow down when Brazil’s harvest progresses, total bookings are enough to maintain at least moderate shipments in the short term. However, fears are lingering following the shoot-down of the Chinese balloon earlier this month which could possibly create tensions and disrupt current purchases.
In Argentina, total soybean output is forecast to be 40.6 million tons, down from 4.3 million tons in 2021/22, due to historically low vegetation levels across the Pampas, in what could be translated into the toughest growing season in history, especially for Santa Fe and Entre Rios. Given that the production damage from the early season delays will be felt soon and that a probable growth curve shift could cause crops to miss their ideal growing windows, the chances of a major yield recovery in these two crucial regions seem poor to none. The current unfavorable fundamentals will be reflected in limited soybean supply for export. More specifically, if unfavorable weather persists, the country could turn to the US for imports as it did in 2018 after experiencing similar weather conditions. In addition, the country has also reportedly purchased an unusual amount of 200,000-300,000 soybeans from Brazil, according to Anec.
By Chara Georgousi
Research Analyst
Compiled by:
Intermodal Research & Valuations
Analysts:
Yiannis Parganas
Tamara Apostolou
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
|
|
|
Showing 61 to 65 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Planning Commission, India
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
|
| |
| |
|
